393A.630 Administrator's contract with another to conduct examination.
277 words·~1 min read·
/ky/chapter-393a/393a-630A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)As used in this section, "related to the administrator" means an individual who is:
(a)The administrator's spouse, partner in a civil union, domestic partner, or
reciprocal beneficiary;
(b)The administrator's child, stepchild, grandchild, parent, stepparent, sibling,
stepsibling, half-sibling, aunt, uncle, niece, or nephew;
(c)A spouse, partner in a civil union, domestic partner, or reciprocal beneficiary
of an individual in paragraph
(b)of this subsection; or
(d)Any individual residing in the administrator's household.
(2)The administrator may contract with a person to conduct an examination under KRS
393A.550 to 393A.650.
(3)If the person with whom the administrator contracts under subsection
(2)of this
section is:
(a)An individual, the individual shall not be related to the administrator; or
(b)A business entity, the entity shall not be owned in whole or in part by the
administrator or an individual related to the administrator.
(4)If the administrator contracts with a person under subsection
(2)of this section:
(a)The contract may provide for compensation of the person based on a fixed fee,
hourly fee, or contingent fee;
(b)A contingent fee arrangement shall not provide for a payment that exceeds ten
percent (10%) of the amount or value of property paid or delivered as a result
of the examination; and
(c)On request by a person subject to examination by a contractor, the
administrator shall deliver to the person a complete and unredacted copy of
the contract and any contract between the contractor and a person employed or
engaged by the contractor to conduct the examination.
(5)A contract under subsection
(2)of this section shall be subject to KRS 61.870 to
61.884.